ISLAMABAD: The MCC Islamabad demonstrated 127% growth in revenue collection of Sales Tax (ST) while it showed 76% increase under all the heads in first seven months and three weeks of February FY17-18 (July to 21 February) against an assigned proportional revenue target.
According to details given by Zulfiqar Ali Chaudhry, Collector Model Customs Collectorate (MCC) Islamabad, that the collectorate posted Rs 64% increase in revenue collection against an allocated proportional revenue target under all the heads while it displayed 28% growth of Customs Duty (CD), 33% as Income tax (IT) and 60% increase of Federal Excise Duty (FED) against an earmarked proportional revenue collection target for July to February 21, FY17-18.
The Collector MCC Islamabad told CT that the collectorate earned Rs14213.90million under all the heads against an assigned proportional revenue collection target of Rs8684.50million for July to first three weeks of February FY 17-18.
He added that the MCC generated Rs4799.73million of CD against an allocated proportional revenue collection target of Rs3764.46million. It was notified that the collectorate received Rs6774.94million as ST against an assigned proportional revenue target of Rs2984.90million as well as it collected Rs2286.23million of IT against an earmarked revenue collection target. The collector added that the MCC Islamabad got Rs353.00million as FED against an assigned proportional revenue collection target from 1st July to 21st of February FY17-18.
Zulfiqar Ali said the MCC Islamabad is going well on the collection against the allocated revenue collection target of February FY17-18. He is optimistic about not only meeting the targets under all the heads but will also exceed the earmarked revenue collection targets.
